Pinnacle Acquisition (NYSE:PNAQ) Announces Earnings Results

Pinnacle Acquisition (NYSE:PNAQ) posted its quarterly earnings data on Thursday. The company reported ($0.26) earnings per share (EPS) for the quarter, FiscalAI reports.

Pinnacle Acquisition Stock Up 0.7%

Shares of NYSE:PNAQ traded up $0.07 during midday trading on Friday, reaching $9.88. 107 shares of the company’s stock were exchanged, compared to its average volume of 34,258. Pinnacle Acquisition has a 12 month low of $9.75 and a 12 month high of $10.00.

Pinnacle Acquisition Company Profile

Pinnacle Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to pursue a business combination with another company. Such a transaction may take the form of a merger, acquisition, stock exchange or similar arrangement. Unlike an operating business, Pinnacle was established to identify and evaluate a potential target rather than to sell products or provide services of its own. Its business activities center on completing a suitable transaction. Information about a specific target, operating markets and company leadership is not included here because it could not be confirmed reliably.